IMI PLC

Lobbying Governance

AI Extracted Evidence Snippet Source

How we comply The Board holds ultimate responsibility for IMI's Sustainability agenda, encompassing: – Establishing our 'Creating a Better World' strategy and reviewing and approving the Sustainability framework, strategy, and priorities. – Assessing and continuously monitoring the Company's Sustainability climate-related opportunities, risks, and risk appetite. – Scanning the horizon for emerging climate-related risks. – Regularly reviewing the materiality of climate-related risks and their impact on financial statements. – Receiving updates on Sustainability milestones from the Better World team, including progress against targets and goals on reducing water, waste, and GHG emissions, and feedback from the Investor Relations team on Sustainability expectations from shareholders and rating agencies. – Ensuring the Remuneration Committee includes CO2 intensity reduction as a core part of IMI's incentive plans, and the Audit Committee reviews regulatory guidance to maintain compliance with Sustainability reporting. – Establishing a Board level Sustainability Committee to oversee the development and execution of our Sustainability strategy approved by the Board. Thomas Thune Andersen chairs our Sustainability Committee and he brings extensive Sustainability experience to this role. The Committee's responsibility is to consider stakeholder perspectives and drive IMI's Sustainability agenda for Climate Action and Sustainable Solutions pillars, and Responsible Business elements. Sustainability competence and experience are key criteria for non-executive director appointments. The Board receives updates on the work of the Sustainability Committee following each meeting. Progress made in 2024 Thomas Thune Andersen (when he was non-executive director responsible for ESG) was interviewed as part of the stakeholder engagement process feeding into the DMA. Each director has specific measurable Sustainability targets built into their strategic and personal objectives such as progress against our near-term Scope 1, 2 and 3 targets and our water and waste metrics. Review of targets and progress by the Board. During 2024 we established our Sustainability Committee to provide key focus on our Climate Action and Sustainable Solutions pillars. Further improvement We will continue to enhance the integration of climate-related opportunities and risks into our Group risk management framework and business processes. Continue to deliver climate education for the Board through the Sustainability Engagement

https://www.imiplc.com/sites/imi-corp-rev2/files/2025-03/AR-2024/imi-ara-2024.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We recognise the importance of taking strong action to tackle climate change and have worked with the global environmental consultancy, Ricardo, through 2021 to understand more clearly our emissions profile and define a roadmap that is consistent with the level of decarbonisation required to keep global temperature increase to 1.5°C compared to pre-industrial temperatures. We also provide comment through our professional membership of bodies such as the Institute for Environmental Management & Assessment (IEMA) and others as appropriate; for example on the development of Energy Efficiency Directive, Energy Savings Opportunity Scheme (ESOS) , SECR and Sustainability Reporting Standards.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

CDP Questionnaire Response 2023